Michigan Combative Sports Promoter Bond

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How much does a mixed martial arts and boxing promoter bond cost in Michigan?

The amount of coverage you’ll need for a Michigan combative sports promoter bond will fall between $20,000 and $50,000. The exact bond amount is determined by the Michigan Department of Labor and Economic Growth. Your bond premium will be determined pending underwriting consideration. Applicants with strong financial credentials can expect to pay just 1-4% of the bond amount.

Don’t let bad credit stop you from getting the bond you need! SuretyBonds.com offers an exclusive bad credit bonding program through which we can approve 99% of applicants, regardless of credit score.

*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-4358 or fill out our online bond request form and we’ll get you a free bond quote within one business day. It’s that easy!

Why do I need this bond?

Michigan combative sports promoter surety bonds ensure that principals (promoters) pay all fighters, ring officials, doctors and other professional personnel according to contract. This bond also guarantees that the promoter will pay for all drug tests deemed necessary by the fight’s physicians.

If a principal violates any terms of his or her bond agreement and a consumer is harmed as a result, a claim can be filed against the bond. If the claim is found to be valid, the surety will compensate the harmed party for any financial losses. The principal is ultimately responsible for reimbursing the surety. Ready to get started? Click here.

What’s the fine print?

Michigan combative sports promoter surety bonds remain in effect for one year. The bond must be filed at least five days prior to the first contest.

The state of Michigan does not have a specific form for this surety bond, so applicants must use the generic license form and put “combative sports promoter” in the description field.